Social Studies, 30.11.2020 09:50 ineedhelp2285

Suppose a company borrows $20 million for a year at an interest rate of 6 percent annually, with all interest and principal to be paid at the end of the year.

A) how much money will the company give the lender at the end of the year?

B) how much is the principal, and how much is the interest payment?

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